Steve McEwen Of At Properties Commercial Facilitates Retail Sale In Arlington Heights
818 W Northwest Hwy, Arlington Heig...
Building Size
6,160 SF
Asset Type
Retail
Closing
May 13, 2019
About this deal
AI
The property involved in the sale is a 6,160-square-foot retail/flex property located at 818 W. Northwest Highway in Arlington Heights, Illinois. The two-story building was previously used by a sign company and includes private offices on the second floor.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 818 W Northwest Hwy, Arlington Heights, Illinois
- Buyer's Representative: Steve McEwen (At Properties Commercial)
- Seller's Representative: Mason Hezner (Brown Commercial Group)
The buyer, represented by Steve McEwen of @properties, is a private investor planning a significant renovation of the property. Mason Hezner from Brown Commercial Group acted as the seller's representative in this transaction.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93